418/74 Restwell Street, Bankstown NSW 2200
418/74 Restwell Street, Bankstown NSW 2200
2-bed, 2-bath, 1-car flat apartment. 6,364 m² shared land. Fibre internet and 5G connectivity. Built-in robes, split-system air conditioning, dishwasher, balcony, secure parking. Last sold for $598,000 in 2017. Estimated rental income of $685 per week.
This unit’s competitive strength lies in its two bathrooms and modern connectivity, which are slightly above average for older Bankstown stock and align it more closely with newer developments. The fibre and 5G capability is a genuine advantage for remote workers or tenants, and the secure parking adds practical value in a dense suburb. The property sits centrally in Bankstown, offering access to local schools and public transport, which makes it particularly suited to entry-level buyers, young families, or investors seeking a steady rental yield. The estimated gross yield of around 4.2% is reasonable for the area, and the $120,000 appreciation since 2017 suggests moderate but consistent capital growth. This is not a standout or luxury unit, but it is a solid, functional apartment that competes well within its segment.
Several factors may influence the property’s value and sale price. The building’s age and floor level are not disclosed, which could affect desirability for buyers who prioritise natural light or lower maintenance costs. The shared land size of 6,364 m² means individual land attribution is negligible, limiting land-value appreciation. The rental estimate of $685 per week is a projection, not a guarantee, and actual returns may vary depending on market conditions. No recent infrastructure or zoning changes are noted, so future capital growth will likely depend on broader market trends rather than local catalysts. Buyers should weigh these factors carefully when forming a view on price, particularly if long-term capital gains are a priority.
Detailed Independent Property Report prepared by PropCred Analyst team for 418/74 Restwell Street, Bankstown NSW 2200
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Bankstown presents a compelling duality, with its established family housing market complemented by a dynamic and fast-moving unit sector. Demand is driven by a diverse mix, from families seeking larger homes to first home buyers and investors drawn to the accessible apartment market, where strong rental growth and rapid turnover indicate robust renter appeal. Recent price trends show solid capital appreciation across both property types, supported by a high volume of unit sales. Future growth is underpinned by this sustained demand for more affordable, strata-titled living, though the suburb’s relative income levels suggest a degree of affordability pressure compared to broader Sydney.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1.57 acres
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